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Apr 13, 2012 5:42PM
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I am 53 years old. I wore a pair of winter boots when I was about 12-14 years old. When I left home, my Mom gave them to my Grandmother, who wore them for another 30 years. My Granmother passed away and I got my boots back! Yes, I am still the same size as I was then (plus about 15 pounds) and the boots are still in the same shape they were then. The realization that I am still utiliing something after all this time, makes me feel better than any "new" thing ever could.
Apr 13, 2012 5:34PM
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This article's title is misleading and the article itself is unrealistic.  Most people these days are fortunate to have 90$ left at the end of the pay or the month let alone to spend per day. I think that this magazine or whatever needs to get real and give some practical tips from people who are struggling and make what they can out of the situation. Regarding Dave Ramsey, I really like him too. The only thing is that when you have hardly any income to work with and have pared down to the expenses you absolutely have to meet, it can be hard to save. Right now I am unemployed and my PT job is hardly giving me any hours. I am also trying to plan a wedding on a very tight budget for September, which is Very difficult as even the most basic things are more expensive than I would like. I am very glad that I started to plan that ahead while I still had a job. I am struggling to keep gas in my car for work purposes only and groceries on my table right now. The relatively small amt of debt that I did acrue over the past 6 years does not help. I wish I had been more wise on that part 6 years ago b/c I would not have that credit card payoff bill I do now. Best of success to everyone out there that is truly trying to make it work and do not make 90,000 or whatever.

 

Apr 13, 2012 5:24PM
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@Kira: She paid her credit cards down $10,000, which is far more potent savings than a savings account would be. If anything, she underestimated how much she saved, once you start figuring interest on the credit cards that she doesn't have to pay because she no longer owes as much.

What catches my attention, however, is how completely out of touch she still is with the rest of the country. I would love to have her daily discretionary income as my weekly discretionary income - I might even have trouble finding things to spend it on, even at that much of a difference!
Apr 13, 2012 5:14PM
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There are some good points in this article if you make $20K a year or $100K Yes I laughed when she 'struggled' with 90 bucks a day (more then I have in my checking account right now) but it seems like she got a real good wake up call. which more people in this country need! My husband and I support a fam. of 5 in one of the most expensive states in the country on less then 50K a year. And Im proud of it! Im proud of my coupons, and groupon deals and anyway we can still have fun and have those 'wants' fufilled without going into debt or me having to work full time. Its do-able people =)
Apr 13, 2012 5:01PM
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You did not save 10K! Saving is the actual putting of savings into a savings account, the fact that you spent less than before on some stuff does not mean you "saved" the difference. You obviously spent it somewhere else, otherwise you would have $10,000 in your savings account! She still has the idiotic "it is on sale, so I am saving" mentality. She saved a bit ($100 a month is BARELY $1,200 a year), but she did not save 10K! This whole article is a freaking lie!

Apr 13, 2012 4:42PM
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People, this is just about budgeting.  I'm definitely not in this person's tax bracket; but who cares? The concept here is that by budgeting you can find what is and is not useful.  My wife and I have been budgeting down to the penny for the past six months and have been able to stay out of debt WITH some discretionary money (that's with under 30k a year).  Grow up and stop complaining that people have more - take what you have and work with it - it's amazing how saving and budgeting can really increase your net worth even if you don't think your income is that much.
Apr 13, 2012 4:41PM
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I am following Dave Ramsey and have decided that today, Friday the 13th, is a perfect day to have a plastic surgery party!  I'm going to take the credit cards out of the freezer (frozen last December in a container marked "Bad Habits"), light some candles, pour myself a wine cooler, put on Inna Godda Da Vida, and cut, cut, cut, cut, cut!!!  I have the "dear creditor" letters all ready to go.... The feeling that I will soon have financial peace is exhilarating!!  Dave Ramsey rocks!!!
Apr 13, 2012 4:34PM
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Usually my family has zero "extra" to spend in one day.  We have no debt, which is the only way we are able to make ends meet in the first place.  Our discretionary spending?  Birthday gifts for when our kids are invited to a party by classmates, or relatives.  Even then, it's a $10 limit.  Christmas?  It was less than $50 per child, and nothing for adults or family.  I agree with the folks who say lets see the budget of a family of 4 or more who make do on $35,000 to $45,000 a year;  That's a real budget.  No I don't envy or begrudge what others have, they have earned it, but $90 a day is more than I make working each day.
Apr 13, 2012 4:32PM
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Geez.  I put together a budget as suggested in this article, and found myself with just less than $20 / day for groceries and miscellaneous.  I have "only" $600 in discretionary money each month???  Ten years ago I was living in a dry shack in a friend's back yard, with the heat turned off and eating peanut butter and Top Ramen noodles.  I worked hard to make it to where I am, and I jumped for joy when I saw how much extra I have now!  What a wonderful blessing!!!!!!  I am SO lucky and I know it!

 

But this is why I quit reading your magazine, Good Housekeeping.  I recognize that the idea of having to cut back is tough no matter who you are, but most of us can't relate to an author who dithers about spending $3 / gallon more for organic milk.  The question for most people right now is whether or not they have enough to buy one or two gallons of the cheapest milk in the case, and how much water they might be able to get away with adding to make it stretch.  And did you know that you can cook those noodle and rice pouch dinners in old yogurt containers?  And you don't have to add butter?  Tips like that, GH, not things like "Don't buy a $4 latte every day."  Yeesh!

Apr 13, 2012 4:30PM
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Listen to Dave Ramsey.  He's all you need.
Apr 13, 2012 4:30PM
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This author and her article are very off-base.  Hopefully, they represent the minority of the American population, because the article is filled with superfluous and "plastic" ideas.  When she speaks about having over 40 pairs of jeans and still wearing last years boots, are these the important things economically?? are these the things she pays attention to??  Unfortunately, this seems to be the case in many places and that is why credit card companies are making so much money.  People have no idea or concept of what money is and what the value of things really are.  In the end, even though the fundamental ideas from the self-help book may have some value, the overall tone or image of the article is of an upper class spoiled family that is trying to cut down on its lavish lifestyle. This definitely doesn't reflect the majority of American families that don't even have jobs or have such low paying jobs, that they aren't forced to choose over surf camp or lattes, but over dinner tonight or the mortgage.
Apr 13, 2012 3:53PM
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ChoicePlease - This isn't about jealousy. This article is just so off base that it couldn't possibly appeal to THE MASSES. Her family's income isn't even the norm. With people losing their jobs every day and families deciding on whether to pay their electric bill or buy food, how could she possibly justify putting out an article like this? And I don't even see a family in her income bracket interested enough to even click on this article simply because they probably make 9 or 10x the saved amount in a year?
Apr 13, 2012 3:50PM
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Flowergirl I forgot about the tutor! $80/hr. I am SO in the wrong business! lol. My job pays about as much as this author's kids make ding the laundry, I guess....
Apr 13, 2012 3:45PM
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And who says you have to spend money EVERY day?!? You don't need gas EVERY day, clothes shopping EVERY DAY. If she brought her lunch to work EVERY DAY from the $1,000.00 food budget she allotted her family, she wouldn't have to buy lunch EVERY DAY either. If they would just go to work, come home and have a home-cooked meal they wouldn't spend ANY money. Quite frankly, I could see them saving even more money by the end of the year. This is crazy.

Apr 13, 2012 3:39PM
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Trevor - I think the point that you're missing is that these article are always the same. They promise ways to "save" money and the only advise they can give  you is to not buy lattes every day.

 

We're angry because for the grand majority of Americans the reality over the last 4-5 years has been that we cannot afford to buy wants any more. You know it's bad when you're in the gracery store staring at papertowls and trying to figure out if it's a "need" or a "want" because technically you could use a cloth towel to wipe up spills, but then you'd nee dto buy more laundry detergent because you'd have 2 more loads of towels to wash each week. Do I need to get the inside handle on my car door fixed that hasn't opened for a year, or is it a want because I only drive with a passenger infrequently? There's no debate about whether or not the TV that fritzes out is a need or a want, it's a want because I can't even afford to keep the cable on to watch it anymore.

 

People like this author piss me off. She's clearly up there income wise and writes an article like she's one of the struggling middle class who can't figure out how they are going to pay the rent.

 

Give me a break- "While driving to a wekeend ski vacation in our Escalade, my husband turned to me and said Biffy, we need to stop spending so much money and I grew pale knowing that meant my hot stone massage I had scheduled later that afternoon with pedro would have to be cancelled..."

 

**Gag**

Apr 13, 2012 3:37PM
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This is exactly what is wrong with this country nowadays. This jealousy over someone having more than you do. Yes, MSN is stupid for posting an article using a family NOT in the same economic class as most of their readers but that is definitely not the fault of the author. Instead of being upset because someone *gasp* has more than you, actually take the time to notice that no matter what your income is you can use the basic principles of this story and PLEASE stop having class envy! And by the way, I'm in a way lower class income than this author so don't think I'm defending this story because it's similar to my own.
Apr 13, 2012 3:36PM
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This is ridiculous. $90/day x 30 days is $2700.00 a month for spending? Alot of people in this economy don't even clear that for their income. Clearly that includes their food budget but spending $1,000/month on food as well? Give me a f-ing break. I'd like to see an article like this on a family who brings in $40k-60k a year. This isn't realistic at all and a slap in the face to the middle class trying to survive in this economy.
Apr 13, 2012 3:18PM
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This sh*t really pissed me off. $90/day for spending?!!! Good God! Must be nice to be able to budget "me" money. Make you're prissy kids work for their money and stop paying them for chores that they should be doing anyway, in exchange for the roof you put over their greedy heads and the food that nourishes them. This family knows nothing of struggles and REAL financial debt. 
Apr 13, 2012 3:12PM
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I'm amazed at how many commentators seem downright venomous towards the author, when all she is trying to do is spread some useful information. Take it for what it's worth. I'm going to start using some of the principles outlined here (writing out budget, monthly expenses, etc) and see if they help me and my family.
Apr 13, 2012 3:11PM
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Um, I think a lot of you are missing the point. Regardless of what income bracket your in, be it dirt poor, middle class, or or in a top income bracket, ALL of us spend money on things we want instead of well and truly need. Some are better at curbing this than others, but it isn't about what income bracket your in. Instead of focusing on the fact that the author may have a higher than national average income, try instead to take from this the intended point of the story. That cutting back from what we are used to and saving is hard, but here are some tips to do so. It's about the process and the principles, not the details. What constitutes a necessary expense in someone's life (such as a professional writer's computer) may seem like a frivolous expense to a farmer in Montana.
Apr 13, 2012 3:11PM
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Here are 4 was to save money you've never thought of before...(new article I'm writing for MSN)

 

1. When purchasing a Yacht it pays to haggle over the price. Threatening to walk away before finalizing the deal could net big savings. Total saved $5K.

 

2. Instead of dining in 5 star restaurants 5 nights a week, hire an immigrant to cook dinner for you at home. You'll gain all of the ethnic flavor and save a load of cash! Total saved $700 per week.

 

3. Instead of paying a limosene company to provide you with on-call drivers, hire a private chafeur to drive you in your own vehicle. The annual salary is much less than per diem services. Total saved $2,000 per year.

 

4. Instead of spending $2400 a year on Botox injections, spend for a face lift once for $6000 that lasts forever. Savings after 5 years $6,000.

Apr 13, 2012 3:10PM
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The author of the artticle had the best of intentions when she shared her financial progress in saving money. She is definetly in a higher tax bracket than many of the people that are commenting here (myself included). It would be appreciated more if the ideas came from someone in a financial situation that many of us are currently facing. Practical advice other than dont spend what you dont have would be very helpful. We are looking for advice from families that are similar to our own. I would be thrilled to have $90.00 per day discretionary money! I am the primary source of income for our family of 5. The stress can be overwhelming at times.
Apr 13, 2012 3:00PM
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Not real happy with this article either---ok so she did not spend $$ on the book because her publisher sent it too her....fine there is a thing called the library  they loan you books for free. 5.00 for a load of laundry----I will do it for that much. Lets see organic milk, vs. regular milk---the author would of grown up on regular milk wasn't a problem for them growing up so why should it be for her kids. Frozen veggies for those out of season it preserves the good stuff in the veggies unlike canned---and as long as you by the plain unsauced unseasoned cook it yourself instead of in the bag the cost is a few cents for a family of four. Fruit if you peel it or wash it well it does not need to be organic. We grow a small garden during the summer and I can spaghetti sauce, pizza sauce, and salsa from it all summer long. Seems that the kids are  old enough to have a job you know that thing where the kids goes to a place and works then gets a paycheck---my daughter did that and had enough after 3 years of working to pay for her 1st year of college, we paid for 1 year, scholarships paid for one year, and student loans will pay for the last year. Take the college classes that the high school offers and you can get at least your first semester done. And before you say oh my child can't get scholarships because we are middle class and white--yea so are we, she did dollars for scholars, and applied to every scholarship her guidance consular gave her, even the little ones, they add up. And as for the tutor--ever go to your high school and ask them for a peer tutor? Or to a local college/community college and get a student there bet you can get one at the college for about 30.00 and hour or cheaper. or even help him yourself? I love it when she said the tv went out---this family had to have more then one tv---use the other one(s) till you save enough $$ to buy a new one.   
Apr 13, 2012 2:52PM
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For the last two years, I have used my credit cards for practically everything, but I pay them off monthly.  Then when christmas time came around, I had enough cash back bonus money to get my 15 neices and nephews all $20 gift cards and it didn't cost me anything else.  This might sound tacky but it's the only way I can afford to get everyone something.  I look at it as a sort of christmas savings account.  Silly huh, but you have to pay off the credit cards and not pay interest to the credit card companies for the whole "cash back" programs they offer to be worth it.   

Apr 13, 2012 2:49PM
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I too like most of you would love to have $ 91 per day to spend. I also wonder when are they going to have an article explaining how to save money when you only have $ 10 to $ 15 per day to spend, and a family of 4 to support. These people have no idea how the rest of us actually survive the way we do, with far less income per month than they have. As far as paying my kids for doing thier laundry, not gonna happen, that is thier responsibility. Now I have tried to teach my two sons the value of money at an early age, first by paying them 1 penny if they got me a cookie or anything after I was sitting down, and I explained to them they were getting paid because they provided a service to me. I have never paid them for doing household chores, and never would. These people need to get thier head out of the stars and face reality for a little while. I challenge them to live for just one month with a budget of $ 15 per day to love on, when they do that, then I will have a little more respect for them. I am tired of this site always having people on this site trying to save money, who are far more financially independent than the rest of us, when you do that then you will be truly helping the rest of us.
Apr 13, 2012 2:43PM
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Seriously? I'd be hard pressed to scrounge out $90 to spend for a month. I'm so sick of hearing people with so much money whine over how little they have. My children haven't been to a movie theater in 3 years, we don't own video games, and a family vacation isn't even in the picture...ever. Yet I work two jobs, shop exclusively with coupons, and very carefully monitor any driving...we walk or ride bikes to get where we need to go if we can...it saves the gas money. The fact that some find this news-worthy, or that people in this country actually see have $90 to spend in just one day as a problem while others walk to the shelters to eat is disgusting. Our country as a whole should be thoroughly ashamed of people like this.
Apr 13, 2012 2:42PM
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The author needs to explicitly list ALL the items she deems as fixed or semi-fixed expenses that get subtracted from her monthly income (not necessarily the dollar amounts, but just the items).  I consider myself to be lucky to have a good, steady income and to determine my monthly allowance I subtract these from my fixed income: groceries (which the author does not), gas, car loan, car maintenance, mortgage, insurances, phone, internet, electric, heating, town water, and pet expenses.  This leaves me with about $25/day.  Sure, I could split out some of these items into the allowance but I consider these must haves and budget accordingly.
Apr 13, 2012 2:42PM
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90 bucks a day amounts to almost 33 thousand dollars a year of discretionary spending.

reducing that to save ten thousand in a year still leaves this cry baby of an author 62 a day or 438 dollars a week for groceries, clothes, lattes and such. My husband makes about this much gross BEFORE we pay our rent, car insurance, daycare, etc.

 

This is not middle class people. These are upper class people who make far more than the average american. And these are the biggest whiners and complainers.

 

STFU lady. You have NO idea what living on a budget really means and have absolutely no authority to tell ANYONE how to save money.

 

This article made me rediculously angry. I wish I could slap the computer.

Apr 13, 2012 2:40PM
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I can't believe people can be this stupid to begin with. They still have a lot to learn.  How dumb are Smart phones?
Apr 13, 2012 2:05PM
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I wish they would do a story on a normal middle class family that makes less than 50k a year. It always amazes me when I read these articles as I only wish I had the money to do half the stuff they do in a month.
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